Brussels, 17/01/2002 (Agence Europe) - When its endorses the recommendations of the ECOFIN Council on the Stability Programmes of nine Member States on 30 January, the European Commission may decide to send Germany and Portugal official warnings about their public deficits, the first step in a disciplinary procedure that could lead to hefty sanctions being imposed, according to Community sources on Thursday.
Against the backdrop of the current economic slowdown which is having a serious...